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P1 – Management Accounting
4 sections available · 32 chapters available
Free P1 – Management Accounting study notes for CIMA (CGMA Professional Qualification) students. Each chapter breaks down a key concept with examples and practice prompts you can turn into AI drills in the thinka app.
A. Cost accounting for decision and control
Rationales for costing
Costing concepts and cost elements
Costing for different organisations and cost objects
Cost accumulation, allocation and absorption
Standard costing
Variance analysis
Activity-based costing
Digital costing
Cost of quality framework
Environmental costing
B. Budgeting and budgetary control
The role of budgets
The rationale for budgeting
Forecasting
Master budgets
What-if analysis in budgeting
Technologies for improving budgeting
Budgetary control
Human dimensions of budgeting
C. Short-term commercial decision making
Pricing and revenue-maximising decisions
Product decisions
Objectives of decision-making
Relevance in short-term decisions
Relevant cost analysis
Break-even analysis
Product mix decisions with constraints
Data and technology in decision-making
Weighted benefit scoring
D. Dealing with uncertainty in the short-term
The nature of risk and uncertainty
Risk attitudes and decision-making
Sensitivity analysis
Expected values and probability
Decision trees
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